Rupee ended nearly

flat on Monday as modest gains spurred by ​flows connected

toMSCI's equity index rebalancing were eroded by persistent

hedging demand ‌from corporates, while traders kept their focus

firmly on ​the upcoming monetary policy decision.The rupee ⁠closed at 94.99 per dollar, almost unchanged from its close at 95.00 on Friday.The currency gained in early trading on the back ‌of